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    Financial - Credit Services
Krungthai Card Public Company Limited

Krungthai Card Public Company Limited

KTC.BK
Krungthai Card Public Company LimitedTH flagStock Exchange of Thailand
37.00
THB
- -
- -
95.40BMarket Cap
Krungthai Card Public Company Limited
KTC.BK
(Stock Exchange of Thailand)

Recent

price

37.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
4.31
3.76
3.68
3.89
4.19
4.62
5.31
5.83
6.32
6.81
6.86
6.5
7.15
7.94
8.34
8.52
8.56
Revenue per Share
0.09
-0.63
0.1
0.5
0.68
0.8
0.97
1.28
1.99
2.14
2.07
2.28
2.75
2.83
2.88
3.02
3.13
Basic EPS, GAAP
-0.05
0.1
0.47
-0.26
-0.98
-0.98
-1.92
-0.3
0.66
-1.05
1.99
3.14
-1.75
0.69
2.21
3.54
2.84
Free Cash Flow per Basic Share
- -
0.04
- -
0.04
0.2
0.27
0.32
0.4
0.53
0.82
0.88
0.88
1
1.15
1.27
1.32
- -
Dividend per Share
1.78
1.02
1.11
1.54
2.02
2.55
3.17
4.04
5.51
6.81
8.01
9.41
11.18
12.84
14.42
16.14
16.94
Book Value per Share
2.44
1.71
1.91
2.2
2.66
3.19
3.81
4.68
6.15
7.47
9.16
10.33
12.08
13.75
15.31
16.94
17.74
Tangible Book Value per Share
2,578
2,578
2,578
2,578
2,578
2,578
2,578
2,578
2,578
2,578
2,578
2,578
2,574
2,578
2,582
2,577
2,583
Basic Weighted Avg Shares
11,102
9,705
9,488
10,032
10,806
11,901
13,700
15,042
16,300
17,563
17,688
16,760
18,418
20,466
21,540
21,964
22,110
Sales/Revenue/Turnover
20.69
2.84
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Operating Margin (%)
294
276
254
271
279
268
299
350
352
339
530
594
549
535
526
502
498
Depreciation Expense
224
-1,621
255
1,283
1,755
2,073
2,495
3,304
5,140
5,524
5,333
5,879
7,079
7,295
7,437
7,782
8,092
Net Income, GAAP
47.65
- -
56.37
21.73
20.46
20.76
20.19
19.93
19.9
19.99
19.94
20.22
20.49
20.05
20.26
27.7
26.67
Effective Tax Rate (%)
2.02
-16.71
2.69
12.78
16.24
17.42
18.21
21.97
31.53
31.45
30.15
35.08
38.44
35.65
34.53
35.43
36.6
Profit Margin (%)
28,523
21,787
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Working Capital
24,026
28,521
25,700
28,200
25,680
29,223
41,423
43,355
45,335
46,165
43,743
43,925
45,632
52,748
50,493
42,176
40,670
LT Debt
6,539
4,862
5,191
6,128
7,368
8,733
10,322
12,577
16,352
19,735
24,112
27,084
31,576
35,845
39,900
44,019
46,192
Total Equity
2.56
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Invested Capital (%)
0.5
- -
0.61
3.02
3.89
4.21
4.5
5.37
7.78
7.7
6.58
7.42
8.35
7.68
7.49
8.07
8.68
Return on Capital (%)
5
-44.86
9.27
37.45
38.16
35.13
33.81
35.53
41.74
34.79
27.92
26.18
26.7
23.58
21.15
19.75
19.54
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
9,473
14,964
10,848
LT Borrowings
46,094
42,112
40,630
LT Finance Leases
88
63
40
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
2,578
2,578
2,578
Market Capitalization
77,471
67,788
76,833

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
2,580
3,473
2,715
Accounts Receivable, Net
707
842
736
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
- -
Payables & Accruals
4,102
5,212
4,687
ST Debt
9,473
14,964
10,848
Deferred Revenue
3,013
3,527
3,097

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
17.7%
12.81%
10.32%
Free Cash Flow
-81.34%
9.29%
59.58%
Net Income, GAAP
15.27%
8.06%
4.63%
Sales/Revenue/Turnover
6.47%
4.6%
1.97%
Total Cash Common Dividend
17.89%
8.6%
3.94%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
5,271
5,318
5,407
5,544
21,540
2025
5,395
5,388
5,469
5,712
21,964
2026
5,542
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.7
0.71
0.74
- -
2.88
2025
0.72
0.73
0.76
- -
3.02
2026
0.84
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
1.27
2025
- -
- -
- -
- -
1.32
2026
- -
- -
- -
- -
- -
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Business
Krungthai Card Public Company Limited (KTC.BK) operates as a leading Thailand-based consumer finance company primarily engaged in credit card issuance and related services; merchant acquiring; payment services; and personal loans including supervised personal loans such as KTC PROUD Cash Card and KTC CASH, auto title loans like KTC P BERM Car for Cash, non-life and life insurance brokerage, nano finance under supervision, electronic money services, hire purchase, and leasing. The company offers a diverse range of credit cards encompassing generic, co-branded, affinity, government service, and corporate cards; premium variants including KTC X VISA SIGNATURE, KTC VISA SIGNATURE, KTC JCB ULTIMATE, and KTC DIGITAL PLATINUM VISA; as well as discontinued options like KTC VISA GOLD, KTC GOLD MASTERCARD, KTC VISA CLASSIC, and KTC CLASSIC MASTERCARD, with features such as unlimited KTC FOREVER points, cashback, no annual fees on select cards, travel insurance up to 4 million baht, lounge access, and dining privileges. Founded in 1996 and headquartered in Bangkok at United Business Center II Building, 591 Sukhumvit Road, Klongton Nua, Wattana, KTC maintains operations across Thailand with 9 KTC TOUCH service points in Bangkok, metropolitan areas, and Chiang Mai, serving approximately 3.6 million accounts comprising 2.9 million credit cards and 704,536 personal loans as of September 30, 2025; Krungthai Bank Public Company Limited holds a 49.29% stake as the major shareholder. Recent strategic developments include a comprehensive 2025 digital transformation initiative under the "Building a Sustainable Future Through Digital Transformation" plan, featuring IT system upgrades, new core banking implementation, AI-powered marketing, enhanced KTC Mobile app capabilities, e-application onboarding, advanced credit scoring, and workforce upskilling across four pillars—Reach Better, Grow Healthier, Bond Tighter, and Work Smarter—to drive 4-5% loan growth, 10-12% credit card spending increase to 320 billion baht, addition of 250,000 new cardmembers targeting high earners and first-jobbers, and NPL ratio below 2%; portfolio expansion in KTC PROUD and P BERM products through partnerships with Krungthai Bank branches and agents; new collaborations such as with AMI Paris for exclusive promotions, Infinitas by Krungthai for MAAI points redemption at over 20,000 Tung Ngern stores, and Tourism New Zealand; initiation of insurance brokerage as a new business line; and market share gains to 15.4% in credit card receivables and 6.8% in personal loans as of mid-2025.